The downtown Fort Worth market is strong and now that the Petroleum Building is part of Sundance Square's portfolio, the demand for this property will also be high, given that no new construction began in Q2.
“The first six months have been extremely robust in terms of deal totals and units sold, with demand for every asset class—from class-A to value-add B/C product—hitting all-time high levels,” says Gebroe-Hammer's Ken Uranowitz.
Apartment rents in San Diego increased 4.9% in the month of July, fueled by strong demand, compared to the national average of 2.8% apartment rent growth.
Successful retailer operators are focusing on experiences, both in-store and within the overall retail center, such as The Hill, which has enlisted five local artists to bring unique art to the shopping district.
Genpact, a global professional services firm headquartered in New York City, in a statement confirmed published reports of the lease deal with SUS Holdings, LLC, an affiliate of Susquehanna Holdings.